Tribune News Network
Doha
QIIB has unveiled its new ‘Green Car Financing’ product, designed to support customers in purchasing electric and hybrid vehicles, marking a significant step in promoting sustainable and environmentally conscious transportation in Qatar.
This innovative financing solution offers a highly competitive profit rate of 3.7 percent (APR), currently the lowest rate available at QIIB, along with a grace period of up to 12 months. The product underscores QIIB’s commitment to sustainability, aligning with Qatar’s National Vision 2030, which emphasizes environmental preservation and sustainable development.
Expressing pride in launching this product and calling it a permanent addition to QIIB’s portfolio of financial solutions, QIIB Head of Business Development Khalid Abdulrahman Al Shaibei said, “Our green car financing offers a unique experience for customers who wish to own electric or hybrid vehicles, reflecting the latest advancements in environmentally friendly technology. This product is not only a financial solution but also a statement of QIIB’s dedication to sustainability and corporate social responsibility.”
The new product aligns with Qatar’s Third Financial Sector Strategy, which prioritizes Environmental, Social, and Governance (ESG) principles, offering customers a practical way to embrace eco-friendly transportation as Qatar’s infrastructure for electric and hybrid vehicles expands.
Available for all brands of electric and hybrid vehicles, the financing plan provides customers with flexibility and a wide array of options in choosing their preferred eco-friendly model. This initiative reinforces QIIB’s role as a leader in sustainable financial products while addressing the growing demand for green transportation solutions.
Al-Shaibei highlighted the appeal of the product to both existing customers and those considering transferring their financing commitments to QIIB.
“Electric and hybrid vehicles symbolise the future, and this product gives our customers a practical pathway to embrace these advancements.”
He encouraged customers to take advantage of the exceptional benefits offered by the green car financing product, which combines affordability, flexibility, and a commitment to a greener future, making eco-friendly vehicle ownership accessible and rewarding for all.
